CU 11: Meaning of asset for sections CU 3 to CU 10
You could also call this:
“Definition of 'asset' for mining tax rules is no longer applicable”
This part of the law used to explain what ‘asset’ means in sections CU 3 to CU 10. However, it no longer applies. The government removed this section on 1 April 2014. If you need to know what ‘asset’ means for those sections now, you might need to look at other parts of the law or ask someone who knows about tax rules.
CU 12: Application of sections to resident mining operators, or
“This rule about resident mining operators no longer applies”
Part C
Income
Income from mineral mining:
Definitions
CU 11Meaning of asset for sections CU 3 to CU 10 (Repealed)
Notes
Section CU 11: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
